HC Deb 09 July 1987 vol 119 c255W
36. Mr. Tony Banks

asked the Chancellor of the Exchequer what representations he has received seeking regulations of the credit card industry.

Mr. Lilley

Very few. Credit card agreements are subject to the Consumer Credit Act which is the responsibility of my right hon. Friend the Secretary of State for Trade and Industry. The Director General of Fair Trading has asked the Monopolies and Mergers Commission to investigate credit card services.

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